Mozo Review NAB Low Fee Card Review

Last updated: 13 March 2018.

What's hot:

Low $30 annual fee

0% p.a on balance transfers for 18 months (2% BT fee applies)

What's not:

High 21.74% cash advance rate

2% balance transfer fee

Mozo snapshot:

NAB's Low Fee Card is great for everyday use. No frills, low fees and top security combine to create a safe, accessible and easy to use card. The card has a low $30 annual fee, plus you'll enjoy a 0% p.a. on balance transfers for 16 month period (with a one-off 2% balance transfer fee).

Key features:

A super-low annual fee of $30 is a big plus, but steer clear of cash advances with this card - the rate is a steep 21.74%. And if you're taking the Low Fee Card travelling, the news is good - the foreign exchange margins sits at 3.00%.

If you have existing debt on another card, the NAB Low Fee Card offers a 0% rate on balance transfers for 18 months (2% balance transfer fee applies). However, like a lot of other cards, after the balance transfer period is up the rate reverts to the cash advance rate, as opposed to the lower purchase rate.

Who it's good for:

The NAB Low Fee Card is perfect for anyone looking for a low fee credit card with a generous interest free period that is simple, easy and fuss-free.

Any catches?

Late payments will cost you $15 each time - don't make it a regular thing!

Details

Rates and fees information correct as at 19 December 2018. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.

Rates

Purchase rate

19.74% p.a.

Intro purchase rate

none

Balance transfer rate

0% p.a.for 18 monthsand then 21.74% p.a.(2.00% balance transfer fee)

Balance transfer revert to cash

yes

Cash advance rate

21.74% p.a.

Interest free days

44

Fees

Annual card fee

$30.00

Introductory annual fee

none

Annual fee spend threshold

none

Reward program fee

none

Late payment fee

$15.00

Cash advance fee

2%, Min $2.50

Foreign exchange margin

3.00%

Duplicate statement fee

$7.00

Transaction verification fee

$2.50

Additional card fee

$0.00

Features

Minimum repayment amount

$25.00

Minimum repayment percent

2.0

Additional cardholders

1

Other restrictions

none

Payment options

Google Pay, Samsung Pay, Garmin, Fitbit, PayTag

Rewards privileges

Purchase Protection

Other benefits

Standard balance transfer rate of 0% for 6 months is not available in conjunction with the balance transfer special offer; Purchase Protection

They are there to help

NAB were very good. I went to close a card account, so they offered me the card without an annual...

Read full review

NAB were very good. I went to close a card account, so they offered me the card without an annual fee, which helps, as I try and pay the full amount each month, so I don't pay any interest.

Price

7/10

Features

6/10

Customer service

8/10

Convenience

9/10

Trust

8/10

Less

Joy | New South Wales

reviewed 9 months ago

Overall

6/10

Its 50%

Interest still high.

Read full review

Interest still high.

Price

10/10

Features

-1/10

Customer service

10/10

Convenience

10/10

Trust

10/10

Less

Raelene | South Australia

reviewed 10 months ago

NAB

About NAB

National Australia Bank is one of the big four banks who provide a large variety of financial products to the Australian Community. In recent times NAB has set itself apart from the other big four banks; by expanding their ATM network, removing many fees and maintaining low standard variable home loan rates. NAB's changes to its financial products have made their home loan, credit card, loans, savings accounts and personal loans more competitive within the banking industry.

Rate & Review

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